Member Info for pernickety

If Newmont cannot get what they want for their share of Havieron they will have to continue the JV with Greatland.

If they do not want to mine Havieron the LROR gives GGP the right to do so.

The above will not happen as Newmont/Newcrest have spent many millions extending Telfers life with its poor grades until it can get Havieron ore.

They have spent many millions on the decline to the Havieron ore which is almost complete.

They would then have the 250-300 million aussie dollar decommissioning of Telfer.

It does not make financial sense.

Havieron will be mined and Greatland is in the box seat to do so with or without Telfer.

Looks on the low side to me Droverman but it is just personal opinion.

My thinking is more like 600 million US dollars for both but everyone will have different opinions.

Decommissioning costs for Telfer is reckoned to be around 250 to 300 million Australian dollars but if kept in operation it may be used as a central processing hub for the surrounding area with its airfield and other infrastructure.

It would also save future applications to build mines within trucking distance of Telfer for any other finds.

I think the Australian government would also like it to continue from a jobs perspective.

Off course last right of refusal is worth the paper it is written on.

Shaun has spoken of building a mine at Havieron if Twlfer did not work out but Newmont is so desperate to get rid of Telfer it will probably have a negative value or cost very little but we could mine earlier.

Nobody in their right mind will buy Telfer on its own.

They have tried to sell it in the past to no avail.

As Newmont want to sell Telfer and their share of Havieron as a bundle it all points to GGP getting both assets either on their own or with JV partner of their choice.

Greatland has plenty options to get funding for Newmonts 70% of Havieron.

They have the backing of three large Australian banks in which funding could be scaled up, also, because GGP have last right of refusal on Newmonts share of Havieron they could if they wished split it with a JV partner of their choice.

A Royalty could also be considered as part of a deal.

If Newmont are bundling Telfer with their share of Havieron together they cannot be looking further than Greatland for a buyer or they run the risk of getting dumped with Telfer.

Nobody wants to be part of a group that cannot voice an opinion.

Have thought about it in the past but glad I did not pursue it.

A 1% Net Smelter Royalty payable to Greatland in respect of any production from the Tasmanian Tenements. RNS of 5th June 23.

MM's can trigger stop losses if the share price falls after 2 days of good gains.

After 6 th April this year I was under the impression you can have stocks and shares ISA'S with more than one provider as long as you do not go over £20k.

Hi Tugmaster

I also have had some thoughts in recent times about buying ASX shares.

Check the available platforms for their fees.

To me FX fees seem higher with Interactive Investor and Bell look a bit more reasonable than Hargreaves Lansdown.

Without support Trading 212 would be one of the cheapest, no trading or holding fees and a low FX fee.

They seem to make their money off CFD's . Not sure about their spreads.

There is other posters on this board that could help you more.

Sorry I meant Newmont ( Newcrest is history).

If Newcrest are selling their 70% of Havieron and Telfer together I do not think a third party will be involved due to the last right of refusal on the 70%.

Newcrest run the risk of Greatland buying Newmonts 70% and building a new mine at Havieron.

Newcrest would not want Telfer and its huge 250-300 million decomissioning costs ongoing and a negative balance sheet on one of their projects would not sit well with the largest gold miners in the world.

An alternative would have to be to take it off the market, get Telfer sorted and continue the JV.

Greatland holds the aces ,and, if relationships are good, the recent Telfer tailings problem might just swing it for a good deal to be done.

GGP is getting bashed because the muppets know it will be a winner and they want you to part with your shares so that the fat cats and spivs can buy them up.

We have a good idea of who's payload it may be or reduce some of the other options.

The ROLR on Newmonts 70%, if exercised by Greatland will give them 100% of Havieron.

If GGP want less than 70% with a deeper pocketed partner of choice Wyloo , Northern Star or another, this partner could then loan the money to Greatland to complete the transaction for the 70%. All legally done of course through a subsidiary company.

Greatland and this new partner could then divide the 70% as to a previously arranged agreement and if debt was a problem GGP only need to take whatever percentage they wanted.

So the ball is very much in GGP's court with their ROLR agreement if Newmont sells.

This is only how I see it, others may see things differently or it may depend on the wording of the ROLR.

I think the monthly buying brigade here is quite substantial.

I had some more today getting my price average lower and have high hopes for the future.

Might not be so easy to shake out the personal investors at this low bargain price.

Miners need ASX listed.

London is failing companies and losing any new prospective listings.

Shorts buying some back?

A third party might be allowed to get Newmonts 70% but it will be a partner of Greatlands choice and they will certainly not be getting GGP's 30%.

More like GGP might be having some of theirs.

If Wyloo were to take on Telfer they might need it on the same terms as Newmont 70/30.

50/50 would be great if we could manage it.

Telfer has been a thorn in the side of Newcrest for years now, spending many millions to extend its mine life until it gets the Havieron ore.

Newmont has inherited this problem and knows that nobody would be interested in taking on Telfer without them having to sacrifice their share of the Havieron mine.

Huge decommissioning costs and the loss of hundreds of jobs is the alternative as there is nothing else in the area, and it would take many years for any new find to produce ore.